Portugal (PRT) and Slovakia (SVK) Trade | OEC - The Observatory of Economic Complexity

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Portugal-Slovakia In 2021, Portugal exported $481M to Slovakia. The main products that Portugal exported to Slovakia are Revolution Counters ($75.5M), Seats ($75.1M), and Motor vehicles; parts and accessories (8701 to 8705) ($59.8M). During the last 26 years the exports of Portugal to Slovakia have increased at an annualized rate of 15.7%, from $11M in 1995 to $481M in 2021.

In 2020, Portugal exported services to Slovakia worth $6.85M, with Travel ($6.85M) being the largest in terms of value.

Slovakia-Portugal In 2021, Slovakia exported $281M to Portugal. The main products that Slovakia exported to Portugal were Cars ($83M), Video Displays ($37.4M), and Motor vehicles; parts and accessories (8701 to 8705) ($27.9M). During the last 26 years the exports of Slovakia to Portugal have increased at an annualized rate of 13.6%, from $10.3M in 1995 to $281M in 2021.

In 2020, Slovakia exported services to Portugal worth $17.9M, with Other business services ($8.57M), Transportation ($4.45M), and Travel ($2.28M) being the largest in terms of value.

Comparison In 2021, Portugal ranked 43 in the Economic Complexity Index (ECI 0.56), and 46 in total exports ($75.6B). That same year, Slovakia ranked 16 in the Economic Complexity Index (ECI 1.31), and 38 in total exports ($104B).

Latest Trends

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February, 2023

About

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Overview In February 2023, Portugal exported €51.1M and imported €22.5M from Slovakia, resulting in a positive trade balance of €28.6M. Between February 2022 and February 2023 the exports of Portugal have increased by €9.99M (24.3%) from €41.1M to €51.1M, while imports decreased by €-2.74M (-10.9%) from €25.2M to €22.5M.

Trade In February 2023, the top exports of Portugal to Slovakia were Cars, tractors, trucks & parts thereof. (€7.73M), Electrical machinery and electronics (€7.58M), Optical, photo, & film equipment; medical... (€7.39M), Furniture, bedding, lamps, & prefab buildings (€5.93M), and Rubber & articles thereof (€4.73M). In February 2023 the top imports of Portugal from Slovakia were Cars, tractors, trucks & parts thereof. (€7.95M), Electrical machinery and electronics (€4.54M), Rubber & articles thereof (€1.28M), Iron & steel (€856k), and Machinery, mechanical appliances, & parts (€812k).

Growth In February 2023, the increase in Portugal's year-by-year exports to Slovakia was explained primarily by an increase in product exports in Rubber & articles thereof (€2.49M or 111%), Electrical machinery and electronics (€2.4M or 46.4%), and Cars, tractors, trucks & parts thereof. (€899k or 13.2%). In February 2023, the decrease in Portugal's year-by-year imports from Slovakia was explained primarily by an decrease in product imports in Cars, tractors, trucks & parts thereof. (€-3.2M or -28.7%), Furniture, bedding, lamps, & prefab buildings (€-445k or -67.4%), and Plastics & articles thereof (€-381k or -58.5%).

Latest Trade

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Flow

Time Scale

Value

EXPORT GROWTH (February 2022 - February 2023): €9.99M, (24.3%)

IMPORT GROWTH (February 2022 - February 2023): €-2.74M, (-10.9%)

This section shows exports and imports data at subnational level for Portugal. Click any date in the line plot or any product to explore the exports or imports behavior of Portugal over time.

To check Slovakia and Portugal trade dynamics, check the bilateral page.

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Historical Data

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Bilateral Trade by Products

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Depth

Value

Year

In 2021, Portugal exported $481M to Slovakia. The main products exported from Portugal to Slovakia were Revolution Counters ($75.5M), Seats ($75.1M), and Motor vehicles; parts and accessories (8701 to 8705) ($59.8M). During the last 26 years the exports of Portugal to Slovakia have increased at an annualized rate of 15.7%, from $11M in 1995 to $481M in 2021.

In 2021, Slovakia exported $281M to Portugal. The main products exported from Slovakia to Portugal were Cars ($83M), Video Displays ($37.4M), and Motor vehicles; parts and accessories (8701 to 8705) ($27.9M). During the last 26 years the exports of Slovakia to Portugal have increased at an annualized rate of 13.6%, from $10.3M in 1995 to $281M in 2021.

Market Competitiveness

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Color

SectionYear

Portugal
Top Destination: Spain, $19.3B

Slovakia
Top Destination: Germany, $21.8B

This map shows whether countries import more from Portugal or Slovakia. Each country is colored based on the difference in imports they receive from Portugal and Slovakia or the difference in the growth in imports.

In 2021, countries that imported more from Portugal than Slovakia were Spain ($19.3B), France ($9.33B), and Angola ($1.19B).

In 2021, countries that imported more from Slovakia than Portugal were Germany ($21.8B), Czechia ($11.6B), and Poland ($8.47B).

Comparative Advantage Portugal - Slovakia

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Flow

Scale

Year

This chart compares trade between Portugal and Slovakia by product, considering products traded by both, Portugal and Slovakia.

During 2021, Portugal had a large net trade with Slovakia in the exports of Machines ($99.1M), Transportation ($95.3M), and Instruments ($76.7M).

During 2021, Slovakia had a large net trade with Portugal in the exports of Transportation ($111M), Machines ($82.1M), and Metals ($26.4M).

Service Trade

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Bilateral Service Trade

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Svk YearPrt Year

In 2020, Portugal exported services to Slovakia worth $6.85M, with Travel ($6.85M) being the largest in terms of value.

In 2020, Slovakia exported services to Portugal worth $17.9M, with Other business services ($8.57M), Transportation ($4.45M), and Travel ($2.28M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more Portugal has comparative advantage over Slovakia. Similarly, the more yellow a dot/product is, the more Slovakia has comparative advantage over Portugal.

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Latest Trends

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Latest Trade

Historical Data

Bilateral Trade by Products

Market Competitiveness

Comparative Advantage Portugal - Slovakia

Service Trade

Bilateral Service Trade

Economic Complexity

Competitive Landscape

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